The following direct materials and direct labor data pertain to the operations of Marigold Company for the month of August. Costs $15.70 per hour $120.00 per ton Actual labor rate Actual materials price Standard labor rate Standard materials price $12.70 per hour $122.00 per ton 4,040 hours Quantities Actual hours incurred and used Actual quantity of materials purchased and used Standard hours used Standard quantity of materials used 1,156 tons 4,250 hours 1,120 tons (a) Compute the total, price, and quantity variances for materials and labor. Total materials variance $ Materials price variance $ Materials quantity variance $ Total labor variance $ Labor price variance $ Labor quantity variance $ e Textbook and Media Current Attempt in Progress Manufacturing overhead data for the production of Product H by Sarasota Company, assuming the company uses a standard cost system, are as follows. Overhead incurred for 58,240 actual direct labor hours worked Overhead rate (variable $3; fixed $2) at normal capacity of 60,480 direct labor hours Standard hours allowed for work done $294,560 $5 58,240 Compute the total overhead variance. Total overhead variance $ e Textbook and Media